40, TUNGATE WAY, HORSTEAD, NORWICH, NR12 7EN - £227,000

40 TUNGATE WAY is a very small detached house of 56m², built sometime between 1991 and 1995. It was last sold for £227,000 in June 2021, which was around 37% below the average June 2021 detached price in the Broadland local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

40 TUNGATE WAY Sold Prices

Land registry data shows four sales for 40 TUNGATE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the four 40 TUNGATE WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 2 JUN	£227,000	£361,326	37% below HPI
2021 12 FEB	£200,000	£360,151	44% below HPI
2016 17 JUN	£173,000	£307,659	44% below HPI
1996 22 JAN	£47,500	£70,077	32% below HPI

40 TUNGATE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The four 40 TUNGATE WAY sales between January 1996 and June 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2021 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the June 2021 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 40 TUNGATE WAY?

40 TUNGATE WAY is 56m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% of detached houses in Horstead, based on EPC data. The below chart shows the distribution of detached houses by size in Horstead, and where 40 TUNGATE WAY lies on this distribution: 6% of detached houses are smaller than 40 TUNGATE WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Horstead.

40 TUNGATE WAY: Plot and Title Map

40 TUNGATE WAY sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 40 TUNGATE WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 40 TUNGATE WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 40 TUNGATE WAY?

40 TUNGATE WAY is located in HORSTEAD, in the NR12 postcode district. The below map shows the position of No. 40 on TUNGATE WAY.